Strategic Risk Management: A Practical Guide to Portfolio Risk Management

  • 4h 27m
  • David Iverson
  • John Wiley & Sons (UK)
  • 2013

A comprehensive guide to the key investment decisions all investors must make and how to manage the risk that entails

Since all investors seek maximize returns balanced against acceptable risks, successful investment management is all about successful risk management. Strategic Risk Management uses that reality as a starting point, showing investors how to make risk management a process rather than just another tool in the investor's kit. The book highlights and explains primary investment risks and shows readers how to manage them across the key areas of any fund, including investment objectives, asset allocation, asset class strategy, and manager selection. With a strong focus on risk management at the time of asset allocation and at the time of implementation, the book offers important guidance for managers of benefit plans, endowments, defined contribution schemes, and family trusts.

  • Offers a thorough examination of the role of risk management in the decision-making process for asset allocation, manager selection, and other duties of fund managers
  • Written by the current head of portfolio design for the New Zealand Superannuation Fund
  • Addresses the fundamental importance of risk management in today's post-crisis fund management landscape

Strategic Risk Management is a comprehensive and easy-to-read guide that identifies the primary risks investors face and reveals how best to manage them.

About the Author

DAVID IVERSON is Head of Asset Allocation with New Zealand Superannuation Fund. He was previously Director of Institutional Investment Services & Quantitative Research at Goldman Sachs JBWere and has also held positions with Russell Investment Group, ING Investment Management, and ABN AMRO.

In this Book

  • Strategic Risk Management Framework
  • Governance Risk
  • Investment Beliefs
  • Fund's Purpose
  • Strategic Asset Allocation
  • Hedge Funds
  • Private Equity
  • Benchmarks
  • Tactical Asset Allocation
  • Active versus Passive Management
  • Passive Management
  • Active Global Equities Structure
  • Active Global Fixed Income Structure
  • Manager Selection
  • Execution
  • Review and Monitoring
  • Case Study 1—Defined Benefit Plan
  • Case Study 2—DC Member Investment Choice Fund
  • References
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